Harvard Business School: Why Companies Raise Their Prices: Because They Can

Okay gang, now that we've established that countries who offer ALL those social services and have higher taxes on the wealth are NOT socialist (thanks David!), let's get back to the subject.

A Harvard Business School says that a lot of the higher prices we've seen happen just because companies can get away with it. Discuss.

  You are welcome.

Those countries also have a VAT tax

MP is welcome to move there. The LVA squad always extols these countries but never want to move there

Just like you constantly bitch about NYC and live there.   Whats the matter, Tom?  You couldnt find work in the conservative paradise of Beatrice, Nebraska?    

We have been hanging in there, hoping the glory days of a well run city come back.  We thought Adams might do it   Unfortunately he is an expensive empty suit & the city council, DA & governor are hopeless. 

Probably going to move to Phoenix 

Thanks for asking 

I AM curious as to why you live someplace where nonwhite people are considered human and not everyone is an asshole. Wouldn't you rather live among your kind--mean-spirited, crusty old shits whose cognitive abilities are fading and spend all of their waking hours bitching about immigrants?

You should know, though, that a city that doesn't collect taxes is actually a pretty crappy place to live.

Every time someone like Dumbfuck David starts screaming VENEZUELA! VENEZUELA! VENEZUELA!!!!, I remind them that incompetence can fuck up any system, good or bad, and that doesn't prove the value of the system itself. Too deep for conservitards, but I try.

And by the way, North Korea isn't socialist at all--it's a brutal authoritarian dictatorship. And Cuba could easily be said to be working, even though not optimally.

So you dont have to abide by your litmius test  living somewhere you view positively but everyone else does.   Thanks for clearing that up

To actually discuss the subject as you asked:

I think it's a certainty that companies in all business sectors are using inflation as a pretext to jack up prices. Anyone who observes price changes carefully can ascertain this. 

Here's why. The raw, or gross cost of goods is very often only a small percentage of the final price. So if a company, for example, sells widgets for $5 that they've purchased wholesale for $2, and the wholesale cost of widgets goes up by 50%, that should force a retail price increase of 20%. But I'm seeing price hikes that are disproportionate to any cost increases, pretty much across the board.

You know one pretty good gauge? Wal Mart. They charge the lowest prices possible--kind of ruthlessly, actually. So if whatever costs X at Wal Mart, you can be sure they have to charge that much. And you know what? I find that a LOT of things sold there haven't increased in price at all, or have increased very little--even when the price of the exact same item has skyrocketed across the street!

This is one of the many reasons I loathe conservitard big business-worshipping culture.

You lied again -Socialist Countries In The World 2022 -China: The People's Republic of China is one of the foremost socialist states. ... Russia: Just like China, Russia was a country strictly Socialist in nature. ... Cuba: The Republic of Cuba is a core Socialist State. ... North Korea: North Korea is another core Socialist State